CMS has advised Goodman, an Australian integrated commercial and industrial property group, on the development of an 87,200 square meter greenfield logistics facility in Hungary.
Expected to open in late 2018, the center will be leased out to Auchan, the French retailer, and will handle Auchan Retail Hungary’s food and non-food logistics for both existing and planned new stores. According to CMS, "the new hub will be key to Auchan Retail’s strategy to develop a multi-channel offer for Hungarian customers."
CMS assisted Goodman in relation to the construction aspects and letting agreement. The team was led by Partner and Head of Real Estate Gabor Czike and included Senior Associate Andras Klupacs and Consultant Robert Kotsis.